Three Things You Can Do to Get the Most From Your Savings Interest Rates

These days, there are a few easy—really easy—ways to find the highest savings interest rates available and maximize the way those rates work for you.

Three you can use right away:

Find an account that compounds interest daily. You can experiment to see the difference yourself with online compounding calculators. Compounding is one way to make savings interest rates work to your advantage.

Look for savings interest rates that are consistently competitive. At Ally Bank, our interest rates are consistently among the most competitive in the country according to rates published on MyBankTracker, and you can compare our great rates alongside those of our competitors right on our website.

Stay on top of the changes in interest rates. You can use technology to help you stay in the know by setting up RSS ("Really Simple Syndication") information feeds on your computer that can help keep you up to date with current rate trends.

Ally Bank Can Help Keep You Informed

At Ally Bank, we offer a service called Sleeping Money Alerts: If you have an Ally Bank Money Market or Online Savings Account, we'll send you email reminders to let you know when your money could be working harder. If your account has not had a withdrawal for a certain amount of time, we tell you ways your money could be doing more—even if it means recommending you switch to another account, such as our No Penalty CD, to earn even higher savings interest rates.

At Ally Bank, you can open and fund an account with any amount and we don’t charge monthly maintenance fees. Explore your savings options at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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